Apartment builder Encore Multi-Family LLC has finally gotten started on its new rental community just east of downtown Dallas.

The 253-unit project is just off Live Oak Avenue at Swiss Avenue and Peak Street.

Encore has been working on the project for several months. The developer had to wait for the bank that occupied the site to build a new facility next door.

The four-story building is near Baylor University Medical Center and is the latest in a series of rental communities going up on downtown's near east side.

"We are excited about the opportunity to develop a community in the historic Swiss Avenue corridor in near East Dallas, just two miles from the CBD," Brad Miller, president of Encore Multi-Family, said in a statement. "This project is culmination of two years of careful planning and design."

The development will include a landscaped pool courtyard with fountains, spa, fitness facility and 24-hour package concierge.